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The index will take a 130% long and 30% short position with a net 100% equity exposure.
“The index construction process aims to identify and allocate capital to higher quality stocks at attractive valuations while avoiding or shorting lower quality stocks with less attractive valuations,” according to WeatherStorm.
Sector weights include consumer discretionary 14.5%, consumer staples 10.1%, energy 6.5%, financial 14.1%, health care 11.0%, industrials 8.1%, information technology 20.5%, materials 5.2%, real estate 2.0%, telecom 2.9% and utilities 5.2%. Top long positions include CoreCivic 1.1%, Centene 1.1% and T Rowe Price 1.1% while top short positions include Nektar Therapeutics 0.8%, Juno Therapeutics 0.8% and Cintas 0.8%.
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